| | | Pirelli deflates peak IPO valuation by 19 percent: document | | | MILAN (Reuters) - Italian tiremaker Pirelli has lowered the maximum valuation it can achieve in its initial public offering by 19 percent to 6.7 billion euros ($7.9 billion), a notice to investors reviewed by Reuters showed on Wednesday. |
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| | | Britain's Carillion lifted by Middle East bid report | | | (Reuters) - Takeover speculation drove Carillion shares almost 20 percent higher on Wednesday after a London newspaper reported that a Middle Eastern firm was preparing a bid for the struggling construction and support services company. |
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